UiPath (PATH) Q1 2027 earnings summary

Executive summary

• Revenue reached $418.4 million for Q1 FY2027, up 17% year-over-year, with ARR at $1.901 billion, a 12% increase, and first-ever GAAP operating profitability in a first quarter.

• Non-GAAP operating income was $92 million (22% margin), and GAAP operating income was $28 million.

• Net income was $22.5 million, reversing a net loss in the prior year quarter.

• Customer base expanded to 2,624 customers over $100k ARR and 374 over $1M ARR.

• AI and process orchestration products are driving larger deals and deeper customer engagement, with significant enterprise adoption and new product launches.

Financial highlights

• GAAP revenue for Q1 FY2027 was $418.4 million, up from $356.6 million in Q1 FY2026.

• ARR grew to $1.901 billion, up 12% year-over-year, with net new ARR at $49 million.

• GAAP gross margin was 82%; non-GAAP gross margin was 83% (software gross margin at 90%).

• Non-GAAP adjusted free cash flow was $130 million; cash flow from operations was $131.9 million.

• Ended quarter with $1.42 billion in cash, equivalents, and marketable securities; no debt.

Outlook and guidance

• Q2 FY2027 revenue expected between $395M–$400M; ARR $1.929B–$1.934B; non-GAAP operating income ~$75M.

• FY2027 revenue guidance raised to $1.776B–$1.781B; ARR $2.058B–$2.063B; non-GAAP operating income ~$430M.

• FY2027 non-GAAP adjusted free cash flow expected at ~$425M; non-GAAP gross margin ~84%.

• Management expects continued revenue and ARR growth, focusing on agentic automation and AI-powered solutions.